Universal Insurance coverage Holdings, Inc. Subsidiary UPCIC Seeks To Increase Into Pennsylvania

FORT LAUDERDALE, Fla., April 2, 2014 /PRNewswire/ –  Universal Insurance coverage Holdings, Inc. /estimates/zigman/1477720/delayed/quotes/nls/uve UVE +.54% announced these days that its subsidiary, Universal Property & Casualty Insurance Company (UPCIC), has applied to expand into Pennsylvania, in-line with the Company’;s strategy to increase its geographic diversification. 

UPCIC has submitted an application to the regulatory entity in Pennsylvania, and has received confirmation of its receipt.  The Firm seems forward to doing work with the state regulators throughout the assessment approach.

UPCIC is 1 of the top writers of house owners insurance in Florida and a entirely licensed operator in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts and Maryland. As announced in January 2014, the Firm has further applications pending in Indiana, Minnesota and Delaware. 

About Universal Insurance coverage Holdings, Inc.  Universal Insurance coverage Holdings, Inc., with its wholly-owned subsidiaries, is a vertically integrated insurance coverage holding organization performing all factors of insurance coverage underwriting, distribution and claims. Universal Property & Casualty Insurance coverage Business (UPCIC), a wholly-owned subsidiary of the Business, is one of the major writers of homeowners insurance in Florida and is now fully licensed and has commenced its operations in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts and Maryland. American Platinum Residence and Casualty Insurance coverage Organization, also a wholly-owned subsidiary, at present writes property owners multi-peril insurance coverage on Florida properties valued in excess of $ one million, which are limits and coverages at present not targeted through its affiliate UPCIC. For extra details on the Firm, please check out our investor relations internet site at www.universalinsuranceholdings.com .

Forward-Seeking Statements and Risk Factors  This press release may possibly incorporate “forward-hunting statements” inside the that means of the Private Securities Litigation Reform Act of 1995. The phrases “feel,” “expect,” “anticipate,” and equivalent expressions recognize forward-searching statements, which speak only as of the date the statement was made. Such statements may contain commentary on ideas, goods and lines of business, advertising and marketing arrangements, reinsurance programs and other business developments and assumptions relating to the foregoing. Forward-looking statements are inherently subject to hazards and uncertainties, some of which can not be predicted or quantified. Future benefits could vary materially from individuals described and the Firm undertakes no obligation to right or update any forward-searching statements. For even more details relating to chance aspects that could affect the Company’;s operations and potential results, refer to the Company’;s reviews filed with the Securities and Exchange Commission, such as the Form 10-K for the yr ended December 31, 2013.

Investor Contact:   Andy Brimmer / Steve Frankel / Mahmoud Siddig 
Joele Frank, Wilkinson Brimmer Katcher 

Supply Universal Insurance coverage Holdings, Inc.

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Volume: 298,052

April 2, 2014 4:02p

Market place Cap

$ 455.96 million

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